Bitcoin experiences a significant decline following a $19 billion leveraged position liquidation and long-term holder sell-offs, aligning with historical peak windows post-halving. Analysts from Bernstein suggest this is a short-term consolidation, not a major drawdown, due to increased institutional ETF adoption and positive drivers like Trumps support and Clarity Act legislation. However, Ten X Research warns of a potential rapid liquidation cascade if Bitcoin drops below $93,000, while others see this as an attractive entry point for new investors.

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